CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- Bank of America reported its second quarter 2024 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.Investor Conference Call information:Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET t ...

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on Wednesday, December 6, 2023.Bank of America is scheduled to report second-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings: 80 cents a share, according to LSEGRevenue: $25.22 billion, according to LSEGNet Interes ...

Nvidia's three most-prominent billionaire sellers opted to put their respective fund's capital to work in a trio of brand-name companies trading at a discount.For three decades, investors have been patiently waiting for the next great innovation to come along that would rival what the internet did for corporate America. The arrival of artificial intelligence (AI) might be just what the doctor ordered.Artificial intelligence allows software and systems to oversee tasks that humans would normally undertake. T ...

Loading...Loading...Bank of America Corp BAC will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.The stock is up 43.07% over the past year, 24.74% YTD.Let’s look at what the charts indicate for Bank of America stock, and how the stock currently maps against Wall Street estimates.Bank of America Stock’s Strong Bullish Momentum Ahead Of Q2 Earnings Bank of America Corp BAC is showing strong bulli ...

SAN FRANCISCO - JANUARY 20: The Bank of America logo is displayed on the side of a Bank of America ... [+] branch office January 20, 2010 in San Francisco, California. Bank of America reported a fourth quarter loss of $5.2 billion or 60 cents a share compared to $2.4 billion or 48 cents one year ago. (Photo by Justin Sullivan/Getty Images)Getty ImagesBank Of America is scheduled to report earnings before Tuesday’s open. The stock hit a record high of $55.08 in 2006 and is currently trading near $42/share. T ...

Loading...Loading...Bank of America Corporation BAC will release its second-quarter financial results, before the opening bell on Tuesday, July 16.Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at 80 cents per share, down from 88 cents per share in the year-ago period. Bank of America is expected to post revenue of $25.22 billion, according to data from Benzinga Pro.On July 9, Piper Sandler upgraded the stock from Underweight to Neutral and raised its price target f ...

J. Michael Jones BAC stock price can climb more on Q2 earnings I last covered Bank of America (NYSE:BAC) about 3 months ago, shortly after it released its 2024 Q1 earnings. As illustrated by the screenshot below, In that article (see the next chart below), I rated the stock as BUY following the framework of the so-called Buffett's rule of 10x EBT (earnings before taxes). More specifically, the article argued: The bank's strong balance sheet and capital ratios position it well for growth and potential regula ...

Wall Street analysts expect Bank of America (BAC) to post quarterly earnings of $0.79 per share in its upcoming report, which indicates a year-over-year decline of 10.2%. Revenues are expected to be $25.19 billion, down 0.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnin ...

New On-Demand Service Includes Investigation Capabilities that Improve Ease of Doing BusinessNEW YORK, July 11, 2024 /PRNewswire/ -- When it comes to finding, analyzing and acting on their company's financial information, corporate finance departments, treasurers and CFOs expect the same ease and convenience they enjoy while managing their personal finances. That's why today, Bank of America is unveiling a powerful transaction search engine with integrated investigation capabilities on CashPro.A message fro ...

filo/iStock via Getty Images Despite the economy floundering and market experts starting to push rate cuts, Bank of America (NYSE:BAC) and other large bank stocks trade at multi-year highs. The sector has gotten a boost due to dips in capital requirements, but the sector faces an environment of lower rates and potentially higher loan risks. My investment thesis is more Neutral on the large banking stock of above $40 after pushing investors to repeatedly buy the stock down closer to $30 and below in the ...